Bitcoin miner Bitdeer reports $169.7M revenue beat in Q3 earnings
Crypto Briefing
Bitcoin miner Bitdeer reported Q3 revenue of $169.7 million, surpassing analyst expectations while expanding its AI business.Summary
Bitdeer Technologies, a company focused on Bitcoin and AI infrastructure, announced Q3 revenue of $169.7 million, exceeding analyst forecasts. The company also achieved an adjusted EBITDA of $43 million, reversing a $7.9 million loss from the previous year, with gross profit hitting $40.8 million due to strong self-mining performance. Although a net loss of $266.7 million was recorded, largely due to non-cash derivative adjustments, Bitdeer maintained a strong balance sheet with $196 million in cash and $246 million in crypto assets. Bitdeer is strategically focusing on expanding its high-performance computing and AI business segments alongside its core blockchain operations.
(Source：Crypto Briefing)